In a survey conducted by TrustArc, we discovered the three biggest privacy challenges organizations face includes: coping with new regulations, implementing new cross-border data mechanisms, and maintaining a patchwork of separate local compliance requirements.
As privacy regulations worldwide continue to grow, there is an urgency for companies to get organized, so they can be able to manage any threats to their privacy program.
To get the positive outcome you want, join our webinar to learn the 7 key steps to privacy your organization needs to take to have a successful data privacy program.
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Agenda
• 7 Key Steps to Privacy
• 5 Key Outcomes to Privacy
• 2022 Global Privacy Index “Keys to Privacy” Results
• How to effectively measure your privacy
• Importance of identification of vendors involved
• The impact of privacy software that has a purpose
• Q & A
4. 4
Overview
2022 marks the 3rd
annual TrustArc Global Privacy Benchmarks Survey
Gathered global views on privacy as it relates to day-to-day operations, leadership, organizational approaches, and
confidence
Provides YoY trends in the Global Privacy Index, comprised of Seven Keys to Privacy and Five Outcomes that Matter
Includes full 360° views from executives, managers and frontline employees, along with privacy team leaders and
privacy team employees
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● Leaders look for global guidance on creating great workplaces of the future
Why Benchmarks Matter!
Gallup Q12 Edelman Trust Barometer
https://www.gallup.com/workplace/349484/state-of-the-global-workplace-2022-report.aspx https://www.edelman.com/trust/2022-trust-barometer
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Privacy Program Maturity Levels
1. Ad Hoc: Procedures or processes are generally informal, incomplete,
and inconsistently applied.
2. Repeatable: Procedures and processes exist, but they are neither fully
documented or implemented nor cover all relevant aspects.
3. Defined: Procedures and processes are fully documented and
implemented and cover all relevant aspects.
4. Managed: Reviews are conducted to assess the effectiveness of the
controls that are in place.
5. Optimized: Regular review and feedback are used to ensure
continual improvement toward optimization of a given
process.
7. 7
● With an onslaught of new threats and ever-growing regulations, orgs need to get organized on privacy
2022 TrustArc Global Privacy Benchmarks
TrustArc’s 7 Keys to Privacy
https://trustarc.com/global-privacy-benchmarks-report/?nocache
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7th
Key to Privacy:
Privacy Importance
How organizations approach privacy - levels of importance in how it affects day to day business decisions
• Privacy is of great importance and permeates almost every decision taken.
• Privacy is important and gets considered in many decisions.
• Privacy is somewhat important and gets considered in some decisions.
• Privacy is not of much importance and gets considered only in a few major decisions.
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Confidence in Outcomes
How much confidence do you think these key stakeholders have in your company's
management of data privacy? [excludes “Don’t know/Prefer not to answer”]
Our customers/
clients
Our
employees
The general
public
Partners and
third parties
13. 13
Overall Confidence
How confident are you that your company is able to keep all of your employees and your
customers' relevant data secure and protected? [excludes “Don’t know/Prefer not to answer”]
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Keys to Privacy
Keys to Privacy Index Distribution YoY
• Allocated points based on a principle that marks should be deducted where privacy was perceived by
stakeholders to be compromised
• Indexed a Grand Mean of the ratings such that they could range from +100 down to -100.
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Thank You!
See http://www.trustarc.com/insightseries for
the 2022 Privacy Insight Series and past
webinar recordings.
If you would like to learn more about how TrustArc can support
you with compliance, please reach out to sales@trustarc.com for a
free demo.